Benzinga | Jul 16, 2020 02:51PM EDT

Why Biomerica's Stock Is Trading Higher Today

Biomerica, Inc. (NASDAQ:BMRA) shares are trading higher on Thursday due to strong momentum.

Biomerica is engaged in the development, manufacturing, and marketing medical diagnostic products designed for the early detection and monitoring of chronic diseases and medical conditions. The company focuses on products for gastrointestinal diseases, food intolerances, diabetes, and certain esoteric tests. It operates in one segment namely, the design, development, marketing and sales of diagnostic kits. Majority of the company's revenue is earned from the Europe market.

Biomerica shares were trading up 18.41% at $11.32 on Thursday. The stock has a 52-week high of $23.39 and a 52-week low of $2.05.